oboro health 300OWENSBORO, Ky. (4/29/14) — Almost a year after the opening of Owensboro Health’s new multi-million dollar facility, the medical provider is financially sound and has plans for continued expansion across the region, Owensboro Health CEO Phil Patterson said this morning.

Addressing a crowd made of up of local business owners and managers, hospital board members, and other invited guest, Patterson said the hospital agency is the largest employer in the region, and that the expansion efforts last year – including the construction of the new hospital complex in Owensboro – created millions of dollars in new revenue and salaries.

Included in that, he said, was an estimated $450 million in new output and almost $140 million in new salaries. $3.6 million of that came when clinics opened and staff was hired to operate them, he added.

Currently, Owensboro Health operates a total of 30 practices and clinics in 11 counties, including Daviess, Breckinridge, Muhlenberg, McLean, Hancock, Webster, Ohio, Henderson, Perry, Spencer, and Hopkins. Patterson told SurfKY News after the presentation that those partnerships are the key to reducing health concerns such as obesity and substance abuse, two of the three most serious health risk issues identified in a study of western Kentucky. Addressing the third, lack of access to health care, is where solving those challenges all starts.

Patterson said working with more clinics and physicians in rural areas to provide services that are difficult for those facilities and doctors to offer is a long-term goal.

“Open dialogues” that develop stronger relationships between the hospital and those facilities is the next step in the process, in order to “support those communities as best we can when their local facilities” can’t provide for a specific need is the first step in the overall process, along with continued education efforts in schools and with medical patients about the importance of healthy eating and exercise habits.

According to a copy of the financial report provided, the hospital ended Fiscal Year 2013 (which runs from June 1, 2012, to May 31, 2013), with a little more than 50 million dollars in its EBIDA (Earnings Before Interest, Depreciation, and Amortization), which was about $13.5 million less than FY2012.

Patterson said with FY2014 ending in just over 30 days, hospital administrators already know the EBIDA for FY2014 will be more in line with FY2012. He said starting with this year’s fiscal report, presentations such as the one made today will be made in the fall, probably in November, rather than in the spring.

Dennis Beard
SurfKY News

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

Posted on 2/2/14
3/13 - 16
1 DOW 17,648.70
-127.42 (-0.72%)    
2 S&P 2,056.06
-11.83 (-0.57%)    
3 NASDAQ 4,860.95
-39.94 (-0.81%)    
3/13 - 16

Most Read This Week

March 27, 2015 6120

Three Arrested during Execution of Search…

by Madisonville Police Department/Hopkins County Detention Center
March 25, 2015 5576

Fazoli's, Roses Coming to Madisonville

by Amber Averitt, SurfKY News
March 24, 2015 5273

One Dies, Another Injured in Mortons Gap Traffic…

by Deputy Heath Owens
March 25, 2015 5216

Grand Jury Finds No Criminal Wrongdoing in Bean…

by Doreen Dennis, SurfKY News
March 30, 2015 4935

Man Charged with Child Abuse After Allegedly…

by Madisonville Police Department
March 24, 2015 4350

UPDATE: One Injured in Hopkinsville Road Accident

by Doreen Dennis, SurfKY News

Most Read This Month

March 09, 2015 14283

Multi-Agency Drug Bust Results in $1 Million Meth…

by KSP DESI
March 02, 2015 11711

Madisonville Teen Faces Numerous Drug Charges

by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Today

March 31, 2015 2224

Man Charged for Driving While under Influence of…

by Madisonville Police Department
March 31, 2015 1352

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News
March 31, 2015 1309

Covenant Community Church Hosts Annual…

by Tammy Holloway, SurfKY News
March 31, 2015 1070

Hopkins County Misdemeanor Indictments

by Karen McKnight
March 31, 2015 1038

Madisonville Police Reports Released - March 31,…

by Madisonville Police Department
March 31, 2015 761

Glema Center April Schedule Features Jo Dee…

by Gary Gates, SurfKY News
March 30, 2015 688

Members from Madisonville Police, Hopkinsville…

by Abbie Darst
March 31, 2015 481

Baptist Health Madisonville Upgrades Technology…

by Baptist Health
March 31, 2015 455

KSP Charges Henderson County Man with Possession…

by Kentucky State Police
March 31, 2015 444

United Way Honors Organizations, Businesses,…

by Doreen Dennis, SurfKY News